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Affiliates News

Net Gaming Europe sees revenue and profit decline in 2019

Stockholm-listed iGaming affiliate Net Gaming Europe has posted a 23 per cent drop in revenue to €14.3m for the full 2019 year as results were impacted by a major change in the company’s business model.

The company said that the main purpose of changing the business model was to build a more stable revenue [...]

1 min read

Catena Media swings to 2019 loss as revenue declines 2%

Stockholm-listed online lead generation specialist Catena Media has reported a 2 per cent decline in revenue to €102.8m for 2019, after suffering a fall in revenue for the third consecutive quarter.

Revenue in Q4 fell 3 per cent year-on-year to €26.6m, including an exceptional €0.5m adjustment relating to its US business in previous periods. Casino [...]

1 min read

Strong finish to the year for Better Collective after record Q4 2019

A record performance during the final quarter of the year has helped Stockholm-listed iGaming affiliate Better Collective post full year revenue of €67.4m in 2019.

Revenue in Q4 increased by 61 per cent to a record €19.6m, with the company benefiting from recent acquisitions in the US and Sweden.

Results was negatively impacted however by [...]

1 min read
Raketech

Raketech eyes M&A for further expansion after 2019 struggles

Stockholm-listed iGaming affiliate Raketech has reported a 6.5 per cent drop in revenue to €23.9m for the full 2019 year, with results impacted by the re-regulation of the Swedish gaming market at the start of the year.

The company said that its results was negatively impacted by declining player values in Sweden during 2019, with [...]

1 min read

Catena Media slips to Q4 operating loss as write-downs impact bottom line

Shares in Catena Media slumped by nearly 18 per cent in Stockholm Tuesday after the company warned that it would post an operating loss for the final quarter of 2019.

Catena Media said that its Q4 results would be impacted by the impairment of intangible assets, the adoption of IFRS 9 accounting assumptions, and an [...]

1 min read
XLMedia

XLMedia cancels dividend to accelerate strategic initiatives

London-listed digital marketing specialist XLMedia has said that it will not propose a final dividend for 2019 as the company looks to accelerate a number of strategic initiatives and evaluate potential acquisition opportunities.

XLMedia is continuing to work with Google to understand the issues which have led to certain websites being [...]

1 min read
XLMedia

XLMedia warns of decrease in traffic to online casino sites

Shares in digital marketing specialist XLMedia hit a new 52-week low in London Tuesday after the company warned that revenue could be impacted by a significant decrease in traffic to its online casino sites.

XLMedia said that the Google ranking of a number of its online casino sites has resulted in a significant decrease [...]

1 min read
Raketech

Raketech reveals reduced earnings in final quarter of 2019

Stockholm-listed iGaming affiliate Raketech has warned that it expects EBITDA to fall below expectations for the final quarter of 2019.

1 min read

Enteractive adds industry veterans to board of directors

Malta-based reactivation specialist Enteractive has appointed industry veterans Enrico Bradamante and Christian Rajter to its board of directors.

1 min read

Natural Intelligence acquires betting tipster platform Tipstrr

Tel Aviv-based digital marketing specialist Natural Intelligence has acquired British sports betting tips platform Tipstrr.

1 min read
Raketech

Raketech names Oskar Mühlbach as new chief executive

Stockholm-listed iGaming affiliate Raketech Group has appointed Oskar Mühlbach as president and chief executive with immediate effect.

1 min read

Better Collective raises SEK312m to fund M&A

Stockholm-listed sports betting affiliate Better Collective has closed a directed new share issue of 4m shares to raise capital for its M&A growth strategy.

The new share issue was closed at a price of SEK78 per share and will raise proceeds of around SEK312m (approx. €29.5m) before transaction costs.

The company said [...]

1 min read
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